Business

Successful airport auction shows an increase in foreign interest in Brazil

airport auction privatization

The Jair Bolsonaro administration started its infrastructure concession plans with its best foot forward on Friday, in large part thanks to foreign companies who played out a fierce battle for the three airport blocks up for grabs. It is a sign that foreign investors’ appetites are coming back after the worst economic recession in Brazil’s history.

In total, the twelve airports attracted BRL 2.38 billion in bids to be paid upfront, above the government’s estimate of BRL 2.1 billion. The average premium for the assets...

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